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Earnings soar for York Timber Holding as revenue and production increase
The Mercury
|April 01, 2025
York Timber Holding’s headline earnings a share up 14.31 cents to 4.67 cents for the six months from December 1, 2023, compared to the previous round gain pledged further traction.
The share price had gained 4.95% to R4.12 by midday yesterday. Revenue grew by 18% to R1.04 billion, and EBITDA (earnings before interest, tax, depreciation and amortisation) improved to R131.3 million from R88.7m.
The higher EBITDA contributed to improved cash generated from operations of R64.5m compared to cash used by operations of R7.8m for the period ended December 31, 2023. No interim dividend was declared.
Operating expenses were in line with the prior period, and the cost of sales increased below inflation. However, industry sales volumes had decreased by 3%, remained soft, and industry stocks were falling.
This story is from the April 01, 2025 edition of The Mercury.
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